The central bank, which first announced in November that it was"tapering" its monthly asset purchases, said Wednesday that it will do so at a faster pace.Starting in January, the Fed will buy $20 billion worth of Treasury securities less and $10 billion worth of mortgage-backed securities less. That leaves the monthly shopping list at $40 billion for Treasury securities and $20 billion for mortgage-backed securities.
"The Committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook," Wednesday's statement read.Read MoreThe December policy meeting also included a summary of economic projections, the so-called"dot plot."Fed officials now predict the central bank's benchmark interest rate to rise to 0.9% in 2022, up from the 0.
Cheap money is the only thing keeping this economy a float , especially with hyperinflation her to stay , your not going to take away higher salary’s you pay employees , market will go stagnant , business fires everyone and start over with lower salary’s … worked for Henry Ford
He won’t raise rates until November 2022 election. Cuz he know if he does the market will drop $10k and then the corrupted Dems overall approval goes to 20% 🤣
This is TRUMPS FAULT REEEEEEEEEEEEEEEEEEE
The Fed is the source of all our problems. Future humans will think we're insane for letting this institution go on for as long as it has.
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Nice. Fuck with the economy some more. Another 2008 would NEVER happen again. I mean, you could tell Congress to stop spending and borrowing, but fuck that! Why!?!
I never thought it was a good idea to get a Republican in that position? 🤔but oh well🙄
Why don’t we hike corporate taxes instead since these price increases are driven by corporate greed
White collar crime terminology sound like pandemic-era stimulus program which means legislated that Americans are consigned a further trillion dollar philanthropic funded loan which Federal government will super spread to Americans and their unborn children to repay.
Time to leave America
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Got to pay for the Chinese infrastructure I guess.
AUGH🤦🏽♀️🤦🏽♀️🤦🏽♀️🤦🏽♀️
First, create inflation, then try to fight it. Genius! I can’t say that I understand enough about how the global economy works but everything that’s been going on since the pandemic started, seems counterintuitive to me.
What is the solution...
BTC